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The following transactions were completed by Nelson's Boutique, a retailer, during July. Terms on sales on account are 2/10, n/30. FOB shipping point. July 3

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The following transactions were completed by Nelson's Boutique, a retailer, during July. Terms on sales on account are 2/10, n/30. FOB shipping point. July 3 Received cash from J. Smith in payment of June 29 invoice of $350, less cash discount. 6 Issued Ck. No. 1718, $742.50, to Designer, Inc., for invoice, no. 2256, recorded previously for $750, less cash discount of $7.50. 9 Sold merchandise in the amount of $250 on a credit card. Sales tax on this sale is 6%. The credit card fee the bank deducted for this transaction is $5. Issued Ck. No. 1719, $764.40, to Smart Style, Inc., for invoice no. 1825, recorded previously on account for $780. A trade discount of 25% was applied at the time of purchase, and Smart Style, Inc.'s credit terms are 2/10, n/30. 12 Received $180 cash in payment of June 20 invoice from R. Matthews. No cash discount applied. 18 Received $1,575 cash in payment of a $1,500 note receivable and interest of $75. 21 Voided Ck. No. 1720 due to error. 25 Received and paid utility bill, $152; Ck. No. 1721, payable to City Utilities Company. 31 Paid wages recorded previously for the month, $2,586, Ck. No. 1722. The following transactions were completed by Nelson's Boutique, a retailer, during July. Terms on sales on account are 2/10, n/30. FOB shipping point. July 3 Received cash from J. Smith in payment of June 29 invoice of $350, less cash discount. 6 Issued Ck. No. 1718, $742.50, to Designer, Inc., for invoice, no. 2256, recorded previously for $750, less cash discount of $7.50. 9 Sold merchandise in the amount of $250 on a credit card. Sales tax on this sale is 6%. The credit card fee the bank deducted for this transaction is $5. Issued Ck. No. 1719, $764.40, to Smart Style, Inc., for invoice no. 1825, recorded previously on account for $780. A trade discount of 25% was applied at the time of purchase, and Smart Style, Inc.'s credit terms are 2/10, n/30. 12 Received $180 cash in payment of June 20 invoice from R. Matthews. No cash discount applied. 18 Received $1,575 cash in payment of a $1,500 note receivable and interest of $75. 21 Voided Ck. No. 1720 due to error. 25 Received and paid utility bill, $152; Ck. No. 1721, payable to City Utilities Company. 31 Paid wages recorded previously for the month, $2,586, Ck. No. 1722

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